It doesn't seem to be news-related, it seems to be more technical.
More Quotes from William Sullivan:
This was old news and didn't bring any fresh insights.William Sullivan
There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market,
William Sullivan
They may wait until after their second-quarter (gross domestic product) report comes out because if the number is strong, trying to slow down the yen will be an uphill battle.
William Sullivan
The claims numbers are suggesting that the worst of the labor market conditions are behind us and that there's actually some modest improvement in relative terms as the year comes to a close,
William Sullivan
There's no doubt the market is on the defensive and is preparing for what appears to be inevitable. A rate hike at the August policy meeting later this month.
William Sullivan
I heard like a 'pop-pop noise and all of a sudden about three seconds later, the ticket counters were telling us to either hit the deck or they grabbed us and pulled us into the back room.
William Sullivan
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